Major decision window approaching. Middle of the yellow box is neutral BULL and BEAR zone. A handful confirmation candles on either side, above or below, will likely determine the larger move into either TP area.
I've had the larger channel in for weeks. As you can see, we've bounced along the lower bound for a while finally breaking through solidly in the past 24 hours. The question is: does the lower bound support become resistance?
I've included a few extra lines more pertinent to the next 72 hours. It appears that we are at an inflection point. I see a possible head...
Been following this for the past week and wow.
We are now only ~.14% away from breaking this descending wedge we've been in for a year.
Really curious to see if this will happen in the next two days.
On the daily chart MACD histogram just turned green and RSI has enough room to run.
That's all folks
Watching EURJPY very closely as it approaches the Daily Range High (DRH).
You'll notice we've been pretty strong on that latest run up towards the DRH where as in the past we tended to stall out and reject before interacting with the level.
My decision will be based on the intra-day price action to see how bulls and bears are able to move price around the...
H+S within H+S, recent low volume (with exception of June 2nd Bart fakeout), and macro fundamentals (unemployment claims/Covid crash) is bearish case in my mind. Tech fundamentals, Fed tailwinds, and continued broader market (ES/SPX ) coupling points bullish. Sustained push up out of 2.5 year triangle would strengthen bull case and invalidate double H+S.
Decision time for RUKU to break out of a long term trend higher or to return to its bounds. The acceleration of the price after the last drop was "appropriate" IMO, however this is still a company that loses money and is in high and ever growing competition. Tough spot to make a choice, I wouldn't hate a straddle... however this strategy is expensive.
**Unicorns...
Greetings all,
Been tweaking my method for predicting support & resistance levels with a variation of the Fib Sequence I'm calling a "Fib-Flip." Its been a method I have been putting to use for sometime now to make price calls. I saw the 13850 level a few weeks ago as a place to take profits. On the monthly, this price was obviously resistance as neither Dec...
Hello All -
Crazy Times in the Crypto World -
Some very important Trend Lines are approaching and I am very excited to see how the market reacts at these points - Specifically, the Upper Red Major Downtrend Line as well as the Upper Cyan Speculative UpTrend Line - I feel like we're in a teetering point here where this market COULD go HUGE in EITHER direction....
inflection point
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti &...
